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Building the EU’s digital financial ecosystem

Day 1 Afternoon

Wednesday 17 September

Room :

ROOM 1

Speakers

Chair
Julian Reischle
Head of Central Department Payments Transactions and Settlement Systems - Deutsche Bundesbank
Public Authorities
Agnès Bénassy-Quéré
Second Deputy Governor - Banque de France
Fiona Van Echelpoel
Deputy Director General, DG Market Infrastructure & Payments - European Central Bank (ECB)
Josef Meichenitsch
Board Member Austrian Central Bank - Oesterreichische Nationalbank
Industry Representatives
Isabelle Delorme
Head of Product Strategy & Innovation - Euroclear S.A.
Jonathan Jachym
Global Head of Government Relations & Policy - Kraken Digital Asset Exchange
Stephanie Champion
Executive Vice President, Head of Nasdaq Verafin - Nasdaq

Objectives

This session will discuss the ecosystem and infrastructure needed to support the digitalisation of EU capital markets and the policy measures that may be required to enable the transition from the current legacy environment.The first part of the discussion will focus on the vision and key characteristics of the future digital capital markets ecosystem. Speakers will consider the foundational technologies and components needed to implement it, the evolving roles of ecosystem participants, and the potential benefits, downsides and risks associated with the shift from legacy systems.The second part will examine the policy measures needed to support the implementation of this digital ecosystem in the EU. It will address the adequacy of the current regulatory and policy frameworks in this respect, the potential need for further initiatives or coordination, and the respective contributions of public authorities and market-driven actions.

Points of discussion

  • Vision and characteristics of the future digital financial ecosystem: What are the key components and characteristics of the ecosystem needed to support the digital transformation of financial markets?
  • What benefits can be expected from this transition, and what are the main challenges that must be addressed? 
  • Actions needed to support the transition towards a digital financial ecosystem: Does the current EU regulatory framework adequately support the transition to a digital financial ecosystem?
  • What additional policy initiatives might be needed?
  • What are the respective roles of the public authorities and private sector in achieving this objective?
  • What would be realistic milestones and timeframe for implementation in Europe?